when Kd is less than

coupon intrest rate

FV 1000
CIR 10%
Coupon 100
Kd 0.07

N(months) Vb
30 ₹1,372.27
29 ₹1,368.33
28 ₹1,364.11
27 ₹1,359.60
26 ₹1,354.77
25 ₹1,349.61
24 ₹1,344.08
23 ₹1,338.17
22 ₹1,331.84
21 ₹1,325.07
20 ₹1,317.82
19 ₹1,310.07
18 ₹1,301.77
17 ₹1,292.90
16 ₹1,283.40
15 ₹1,273.24
14 ₹1,262.36
13 ₹1,250.73
12 ₹1,238.28
11 ₹1,224.96
10 ₹1,210.71
9 ₹1,195.46
8 ₹1,179.14
7 ₹1,161.68
6 ₹1,143.00
5 ₹1,123.01
4 ₹1,101.62
3 ₹1,078.73
2 ₹1,054.24
1 ₹1,028.04
0 ₹1,000.00
 when kd is > coupon when kd is equal to
interest rate coupon interest rate
FV 1000 FV 1000
CIR 10% CIR 10%
Coupon 100 Coupon 100
Kd 0.13 Kd 0.1

N(months) Vb N(months) Vb
30 ₹775.13 30 ₹1,000.00
29 ₹775.90 29 ₹1,000.00
28 ₹776.76 28 ₹1,000.00
27 ₹777.74 27 ₹1,000.00
26 ₹778.85 26 ₹1,000.00
25 ₹780.10 25 ₹1,000.00
24 ₹781.51 24 ₹1,000.00
23 ₹783.11 23 ₹1,000.00
22 ₹784.91 22 ₹1,000.00
21 ₹786.95 21 ₹1,000.00
20 ₹789.26 20 ₹1,000.00
19 ₹791.86 19 ₹1,000.00
18 ₹794.80 18 ₹1,000.00
17 ₹798.13 17 ₹1,000.00
16 ₹801.88 16 ₹1,000.00
15 ₹806.13 15 ₹1,000.00
14 ₹810.93 14 ₹1,000.00
13 ₹816.35 13 ₹1,000.00
12 ₹822.47 12 ₹1,000.00
11 ₹829.39 11 ₹1,000.00
10 ₹837.21 10 ₹1,000.00
9 ₹846.05 9 ₹1,000.00
8 ₹856.04 8 ₹1,000.00
7 ₹867.32 7 ₹1,000.00
6 ₹880.07 6 ₹1,000.00
5 ₹894.48 5 ₹1,000.00
4 ₹910.77 4 ₹1,000.00
3 ₹929.17 3 ₹1,000.00
2 ₹949.96 2 ₹1,000.00
1 ₹973.45 1 ₹1,000.00
0 ₹1,000.00 0 ₹1,000.00
 Price path of a Bond
₹1,500.00
₹1,400.00
₹1,300.00
₹1,200.00
₹1,100.00
₹1,000.00
₹900.00
₹800.00
₹700.00
₹600.00
₹500.00
30 29 28 27 26 25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0